Paramount Assets got its beginning in 1978, when our founder, Solomon Levy, purchased six abandoned storefronts in Far Rockaway, New York and converted them into affordable apartments for the community.
Over the next two decades, Solomon’s sons, Ronnie and Maurice, joined the management team and Paramount acquired more properties in New York. In 2002, we moved to Elizabeth, New Jersey and began investing in urban centers in Perth Amboy, Plainfield, Paterson, Orange, Irvington, Elizabeth, and Newark.
Today, Paramount Assets has more than 50 employees and a 95 percent occupancy rate across all of its properties in the tristate area.
At heart, we’re still the same family-owned business that we were nearly 40 years ago. We still own those same apartments in Rockaway that Solomon Levy bought in 1978, and we still take excellent care of the people who live and work in our buildings.
We’re passionate about urban real estate and customer service. We live and work in the same neighborhoods as our clients do, providing them with first-rate retail, commercial, residential, and office space; warehouses and distribution centers; and affordable housing. We believe that their success is our success. No matter what the project, we work hard to forge strong bonds with our clients and help make it easier for them to focus on being successful.
Over the next 40 years, we will continue to do what we do best: provide affordable commercial and residential spaces that help communities thrive.